SGC(SH:601139)2025-04-24 13:50Financial Performance - The company's operating revenue for Q1 2025 was CNY 7,513,035,670.69, representing a 9.48% increase compared to CNY 6,862,512,498.65 in the same period last year[4] - Net profit attributable to shareholders decreased by 15.47% to CNY 233,040,865.02 from CNY 275,678,322.80 year-on-year[4] - Basic earnings per share decreased by 20.00% to CNY 0.08 from CNY 0.10 in the same period last year[4] - Revenue for the reporting period was CNY 751,304 million, an increase of 9.48% year-on-year, primarily due to increased gas wholesale revenue[11] - Net profit attributable to shareholders was CNY 23,304 million, a decrease of 15.47% year-on-year, mainly due to reduced profits from smart services and comprehensive energy businesses[11] - Total operating revenue for Q1 2025 reached ¥7,513,035,670.69, an increase of 9.5% compared to ¥6,862,512,498.65 in Q1 2024[19] - Net profit for Q1 2025 was ¥245,612,213.24, a decrease of 22.1% from ¥315,505,230.08 in Q1 2024[20] - The company reported a total profit of ¥336,566,447.07 for Q1 2025, down from ¥375,263,585.57 in Q1 2024[20] Cash Flow and Assets - The net cash flow from operating activities was negative at CNY -673,444,143.91, a decline of 438.82% compared to CNY 198,760,080.04 in the previous year[4] - Cash and cash equivalents decreased to CNY 4,683 million from CNY 5,712 million, a decline of 17.99%[14] - Total current assets decreased to CNY 12,989 million from CNY 13,108 million, a decline of 0.91%[14] - The net cash flow from operating activities for Q1 2025 was -¥673,444,143.91, compared to ¥198,760,080.04 in Q1 2024[23] - Cash and cash equivalents at the end of Q1 2025 totaled ¥4,451,499,751.42, down from ¥6,145,537,451.55 at the end of Q1 2024[24] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 46,673[8] - The largest shareholder, Shenzhen Municipal Government State-owned Assets Supervision and Administration Commission, holds 40.10% of the shares[9] Assets and Liabilities - Total assets at the end of the reporting period were CNY 45,097,699,846.54, a decrease of 0.27% from CNY 45,220,839,980.55 at the end of the previous year[5] - Total liabilities decreased to CNY 26,499 million from CNY 26,856 million, a reduction of 1.33%[16] - Total equity increased to CNY 18,599 million from CNY 18,365 million, an increase of 1.27%[16] - The equity attributable to shareholders increased by 1.51% to CNY 15,795,144,341.89 from CNY 15,560,402,400.56 at the end of the previous year[5] Sales Performance - Natural gas sales volume reached 1.635 billion cubic meters, a year-on-year increase of 25.10%[11] - Pipeline natural gas sales volume was 1.253 billion cubic meters, up 7.00% from the previous year[11] - Wholesale natural gas volume surged to 382 million cubic meters, a significant increase of 180.88% year-on-year[11] Operating Costs and Expenses - Total operating costs for Q1 2025 were ¥7,197,489,983.73, up 10.6% from ¥6,505,730,526.60 in Q1 2024[19] - Research and development expenses for Q1 2025 were ¥138,593,756.33, a decrease of 12.4% from ¥158,146,298.58 in Q1 2024[19] - The company incurred a credit impairment loss of -¥2,305,947.16 in Q1 2025, compared to a gain of ¥2,589,379.12 in Q1 2024[19] Non-recurring Items - Non-recurring gains and losses amounted to CNY 4,110,175.61 after tax, with significant contributions from government subsidies and asset disposals[6] Financing Activities - The company’s total cash inflow from financing activities in Q1 2025 was ¥4,383,085,254.49, compared to ¥6,630,928,525.12 in Q1 2024[24]